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Tuition Policy

The intention of the Tuition Policy is to consider both the financial commitments of the parents and the financial requirements of the school. Tuition alone does not cover the cost of educating a student for a school year.
There are two categories of tuition rates for students. The rates do NOT include the annual registration fee of $300:

Parish Rate: Subsidized tuition rates for families who are registered, contributing members who worship regularly, and participate in parish activities and school fundraising.

Non-Parish Rate: Non-subsidized tuition rates for familes who are not registered nor are contributors to the Our Lady of Victory Parish.

2018-19 Rate for Contributing Parish Member

Number of Children at OLV

Tuition

1 Child

$ 5,402

2 Children

$10,264

3 Children

$14,586

4 Children

$17,827

5 Children

$20,528

2018-19 Rate for Non-Parish Member

Number of Children at OLV

Tuition

1 Child

$ 6,352

2 Children

$12,386

3 Children

$18,102

4 Children

$23,183

5 Children

$27,947

2018-19 Tuition Payment Program

All families are required to set up a FACTS Tuition Management account and will have the option to make payments through automatic deduction (ACH) or by credit card.
Each year families must update their accounts during the registration process to ensure that their information is current and the payment information and options are correct.

Our Lady of Victory offers five tuition payment options, all of which are administered through FACTS (one
enrollment per family):

8 Installments: Consists of 8 equal payments from May through December 2018

9 Installments: Consists of 9 equal payments from May 2018 through January 2019

10 Installments: Consists of 10 equal payments from May 2018 through February 2019

Tuition Assistance

Assistance is available for families in need through two programs: the
Archdiocese of Detroit Tuition Assistance Program and
Our Lady of Victory Tuition Assistance Program. To be considered for assistance from one or both programs, parents must submit the FACTS Student Grant & Aid Form found at
https://online.factsmgt.com/signin/3YJ55. The form can only be completed online and there is a $30 online application fee.

It is imperative that you have the FACTS application and all supporting documents in by the deadline date of
April 23, 2018, in order to be eligible for one of the three tiers of the Archdiocese Tuition Assistance Program. This year, the award amounts per tier are Tier I: $1,100; Tier II: $950; and Tier III: $800. Round two applications will be accepted, but you will only be eligible for Tier III, which is $800 per student.

Be sure to complete the two additional questions on the FACTS application form if you would like to be considered for Our Lady Victory tuition assistance. The same deadline of
April 23, 2018 applies. Award notices will be emailed in June 2018.